Last Updated: 04/18/2025
Tropical Financial Home Mortgage Loans
Unaffiliated
Last Updated: 04/18/2025
This product has no reviews yet. Help others by sharing your thoughts.
Be the first to rate
Cast Your Vote
Compare All Home Mortgage Loans
Filter & compare all your options in one place.
Highlights
Credit Score Range
N/A
Amount Range
N/A
Loan Term (Years)
Tropical Financial Home Mortgage Loans Review
Key Takeaways
- Only two mortgage programs offered. Tropical Financial Home Mortgage Loans provides FHA jumbo and conventional mortgages.
- Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
- Standard interest rates types. Tropical Financial Home Mortgage Loans offers option ARM mortgages, adjustable-rate mortgages, and fixed-rate mortgages.
- No primary residences considered. Tropical Financial Home Mortgage Loans does not offer financing for primary homes.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
Tropical Financial Home Mortgage Loans Pros & Cons
| Pros | Cons |
|
tropical financial home mortgage loans FAQ
What is the maximum loan term you can get with tropical financial home mortgage loans?
What mortgage rates does Tropical Financial Credit Union offer?
Do they charge mortgage origination fees?
What mortgage programs are available?
- FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- Jumbo loans: Any mortgage with a loan amount above the conforming loan limits set by the Federal Housing Finance Agency.
What is the customer service phone number?
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.